Tax Computation for Teachers

1. TAX COMPUTATION
By:
VERGIELYN E. DATOY
SST-III/Budget Officer Designate

2. 1.Identify your basic salary for the whole
year. (monthly salary x 12 months.)
2.Add the benefits you have received for the
whole year.

4. 3. Add your monthly personal share remittances.
-GSIS 9% of the basic salary
-HDMF (Pag-ibig) 2% of the basic salary
-PHIC remittance (by salary bracket)

6. 4. Get the total taxable amount.
- Basic salary+ taxable benefit ( excess of 82,000)
5. Get the BASIC SALARY TAXABLE AMOUNT
-Total Taxable- total remittances
6. Identify your exemption.

7. 7. Get the TOTAL TAXABLE AMOUNT.
-Taxable amount -Exemption

8. 8. You can now get your TAX DUE using the tax table.

9. THANK YOU!